Wealth-Assurance was the company that provided financing for the purchase of Hughes, according to the complaint. Archers conviction was initially set aside by the trial court judge, but two weeks ago it was reinstated by the Second Circuit Court of Appeals. Asked about Sugarman, a managing partner at Heidis firm Camden Capital Partners, Heidi's ex-husband Jim Wayne, 63, told The Sun: Heidi would have been working with him daily, for sure. But more importantly for Archer and Galanis, Sugarman was part owner and had control of an insurance company, Valor Group Ltd. (VGL), a Bermuda-based insurance conglomerate. Onni Group, a real estate development company, is the owner of the building, the Hope + Flower luxury residential complex in downtown Los Angeles. The federal government declined to pursue criminal charges against Sugarman, instead opting to sue him in civil court in hopes of recouping the $9million that he is alleged to have pocketed from the scheme. Sugarman and Galanis are then alleged to have used the funds to pay off debt, buy real estate, shore up the operations of their existing businesses, compensate co-conspirators, and make other investments to enrich themselves. WebJason Sugarman. It was Sugarmans insurance company that was supposed to issue the annuities that were going to be purchased with the proceeds from the bond sale, but were instead diverted to individuals involved in the fraud scheme. At the same time, Sugarman and his associates are tasked with transforming a 1.25-mile stretch of Asbury Park as the master developer for the citys waterfront. He was also Director and an indirect owner of then-SEC-registered broker-dealer and investment adviser Burnham Securities. It hurts when the fans are on you all the time, but winning solves a lot of problems in Philadelphia. It was like when somebody is not comfortable and not calm, so they're kind of like moving from place to place, you know?. Its got Sex Dust, Brain Dust, Beauty Dust, Power Dust, Spirit Dust and Dream Dust. Sugarman himself is said to be a minority owner of Los Angeles Football Club. Wayne, a hairdresser, revealed Planck doesn't have a college degree or any accounting licensure but was making good money as a bookkeeper, earning $125,000 a year plus monthly bonuses of up to $1,500 a month. My father was with an oil company, Gulf Oil, so we moved around. The acquisition of Hughes Capital Management was allegedly financed by Sugarman.